Vietnam Medical Gloves Market to Grow at 4.42% CAGR through 2029

Expanding healthcare sector and medical tourism is expected to drive the Vietnam Medical Gloves Market growth in the forecast period, 2025-2029.

According to TechSci Research report, “Vietnam Medical Gloves Market –Industry Size, Share, Trends, Competition, Forecast & Opportunities, 2019-2029F”, the Vietnam Medical Gloves Market stood at USD 61.09 Million in 2023 and is anticipated to project steady growth in the forecast period with a CAGR of 4.42% through 2029.  

The Vietnam Medical Gloves Market is experiencing significant growth and evolution, driven by various factors such as increasing healthcare expenditure, rising awareness of hygiene and infection control, technological advancements, and the ongoing COVID-19 pandemic. As one of the fastest-growing segments of the global medical gloves industry, the Vietnam Medical Gloves Market has witnessed substantial expansion in recent years, fueled by the country's expanding healthcare sector, growing population, and rising demand for healthcare services and products.

One of the primary drivers of the Vietnam Medical Gloves Market is the country's increasing healthcare expenditure and investments in healthcare infrastructure development. Vietnam has been allocating significant resources to improve healthcare access, quality, and affordability, resulting in the expansion of healthcare facilities, medical services, and healthcare coverage across the country. This has led to a surge in demand for medical gloves in hospitals, clinics, diagnostic laboratories, and other healthcare settings, where they are essential for infection control, patient safety, and hygiene.

Rising awareness of hygiene and infection control practices among healthcare professionals and the general population has contributed to the growth of the Vietnam Medical Gloves Market. With increasing concerns about healthcare-associated infections (HAIs) and infectious diseases, including the COVID-19 pandemic, there is heightened emphasis on the importance of hand hygiene and personal protective equipment (PPE) such as medical gloves. Healthcare facilities, public health organizations, and educational institutions in Vietnam are actively promoting proper hand hygiene practices and the use of medical gloves to prevent the spread of infections, driving demand for medical gloves across various sectors.

Technological advancements in glove manufacturing processes have led to the development of high-quality, innovative medical gloves with improved performance, durability, and comfort. Advanced manufacturing technologies, such as automation, robotics, and computer-aided design (CAD), are being employed to streamline production processes and increase efficiency. Innovations in materials science and polymer chemistry have resulted in the production of next-generation medical gloves with enhanced barrier properties, tactile sensitivity, and resistance to punctures and tears. These technological advancements have not only improved the quality and performance of medical gloves but have also expanded the range of available glove options to meet the diverse needs of healthcare professionals and patients.

The COVID-19 pandemic has had a profound impact on the Vietnam Medical Gloves Market, leading to unprecedented growth in demand for medical gloves. The pandemic has underscored the importance of personal protective equipment (PPE), including medical gloves, in preventing the spread of infectious diseases and protecting healthcare workers and frontline personnel. Healthcare facilities, government agencies, and private businesses have ramped up their procurement of medical gloves to ensure an adequate supply for healthcare workers, emergency responders, and essential workers involved in the pandemic response efforts. This surge in demand has prompted glove manufacturers to increase production capacity, expand their product portfolios, and invest in new technologies to meet the growing needs of the market.

In addition to the factors mentioned above, other trends and developments are shaping the Vietnam Medical Gloves Market. These include increasing investments in healthcare infrastructure and medical tourism, growing adoption of specialty gloves tailored to specific applications and industries, emphasis on environmental sustainability and waste management practices, and rising concerns about labor rights and ethical sourcing in the glove manufacturing industry. Overall, the Vietnam Medical Gloves Market is poised for continued growth and innovation, driven by ongoing advancements in technology, changing healthcare dynamics, and the evolving needs of healthcare providers and patients in Vietnam and beyond.

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The Vietnam Medical Gloves Market is segmented into type, product type, material type, form, distribution channel, end user, regional distribution, and company.

Based on material type, natural rubber gloves, also known as latex gloves, have historically dominated due to their widespread use, affordability, and favorable properties. Natural rubber gloves are derived from the milky sap of the rubber tree (Hevea brasiliensis) and offer excellent elasticity, comfort, and tactile sensitivity, making them suitable for a wide range of medical applications. These gloves provide a snug fit, superior dexterity, and reliable barrier protection against contaminants, pathogens, and infectious agents, making them ideal for surgical procedures, patient examinations, and general healthcare tasks.

However, in recent years, there has been a significant shift towards the use of nitrile gloves in the Vietnam Medical Gloves Market. Nitrile gloves are synthetic gloves made from a copolymer of acrylonitrile and butadiene, offering superior chemical resistance, puncture resistance, and durability compared to natural rubber gloves. Nitrile gloves are latex-free, making them an excellent alternative for individuals with latex allergies or sensitivities. Nitrile gloves provide excellent barrier protection against a wide range of chemicals, including oils, solvents, and hazardous substances, making them suitable for use in various healthcare settings, including laboratories, emergency departments, and industrial environments.

Based on region, the North region emerges as the second dominant region in the Vietnam Medical Gloves Market. Comprising major cities such as Hanoi, Hai Phong, and Ha Long, the North region plays a pivotal role in driving the demand for medical gloves in Vietnam. Hanoi, the capital city of Vietnam, serves as the political, economic, and cultural center of the country. With a dense population and robust healthcare infrastructure, Hanoi hosts numerous hospitals, clinics, medical centers, and healthcare facilities that cater to the healthcare needs of its residents and surrounding areas. These healthcare facilities rely heavily on medical gloves for infection control, patient safety, and hygiene, creating a substantial demand for gloves in the North region. The North region is home to a diverse range of industries, including manufacturing, pharmaceuticals, and healthcare, which contribute to the demand for medical gloves. Industrial zones and manufacturing hubs in the region require medical gloves for various applications, including chemical handling, laboratory work, and industrial cleaning. Pharmaceutical companies and healthcare providers in the North region use medical gloves for research, development, and patient care activities.

The North region benefits from its strategic location and proximity to key transportation networks, international ports, and trade routes. This facilitates the efficient distribution and supply of medical gloves to healthcare facilities, industries, and end-users across the region and beyond. The well-developed logistics infrastructure in the North region enables glove manufacturers to meet the growing demand for medical gloves and ensure timely delivery to customers. The North region has been witnessing rapid urbanization, population growth, and economic development, driving investments in healthcare infrastructure, medical facilities, and healthcare services. As the healthcare sector continues to expand and evolve in response to changing demographics, healthcare needs, and technological advancements, the demand for medical gloves in the North region is expected to remain robust.

Major companies operating in Vietnam Medical Gloves Market are:

• VRG Khai Hoan JSC
• Top Glove (Vietnam) Co., Ltd.
• Nam Viet Gloves Joint Stock Co.
• White Glove Co., Ltd.
• Nacol Industrial Co., Ltd.
• Kotinochi JSC
• Viet Glove Corporation
• Mekong Tech Group
• S&S Glove Corporation
• Martech JSC

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“Vietnam's expanding healthcare sector, rising healthcare expenditure, and investments in healthcare infrastructure are expected to fuel further demand for medical gloves. With the government's commitment to enhancing healthcare access, quality, and affordability, the market is poised for sustained growth in the coming years. Technological advancements, product innovations, and evolving consumer preferences are likely to shape the market landscape, with opportunities for manufacturers to develop high-quality, innovative glove products to meet the evolving needs of end-users. Overall, the Vietnam Medical Gloves Market is poised for continued expansion and development, presenting lucrative opportunities for stakeholders in the healthcare and manufacturing sectors.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Vietnam Medical Gloves Market By Type (Surgical and Examination), By Product Type (Reusable and Disposable), By Material Type (Natural Rubber, Nitrile, Polyisoprene, Neoprene, Others), By Form (Powdered and Non-Powdered), By Distribution Channel (Hospitals & Clinics, Medical Stores & Pharmacies, Online, Others), By End User (Hospitals & Clinics, Ambulatory Care Centers, Home Healthcare, Others), By Region, Competition, Forecast and Opportunities, 2019-2029F”, has evaluated the future growth potential of Vietnam Medical Gloves Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Vietnam Medical Gloves Market.

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